Eldeco, Purvanchal Secure Prime Land Near Jewar Airport for Housing

16 Jul 2024 CW Team

In addition to the recent Noida acquisition, Eldeco has been actively expanding its footprint in other regions. The company acquired 2.7 acres for Rs 110 crore and 8.5 acres for Rs 165 crore in Gurgaon's Sector 80 through an auction by the Haryana State Industrial & Infrastructure Development Corporation (HSIIDC). Eldeco also secured a 36,000-square-meter plot in Greater Noida West, where it plans to develop 750,000 square feet of residential space with an investment of Rs 250 crore. Furthermore, Eldeco has acquired 14.5-acre and 18-acre land parcels in Sonepat for plotted and villa development.

Eldeco's ambitious expansion is supported by significant funding, having recently secured Rs 350 crore from HDFC Capital Advisors Limited. This marks the third round of funding in as many years, bringing the platform's corpus to Rs 850 crore, with expectations to generate Rs 8,000 crore from 17 projects. Previously, the platform raised Rs 150 crore in August 2021 and Rs 350 crore in September 2022, focusing on developing projects in holiday destinations and tier 2 cities.

Eldeco's planned projects span across Delhi, Gurugram, Ludhiana, Sonipat, and Goa, with Rs 500 crore already deployed in residential projects in Panipat, Sonipat, Ludhiana, Rudrapur, Rishikesh, Kasauli, Greater Noida West, and Gurugram. With a robust track record of delivering 200 projects encompassing approximately 30 million square feet of real estate development, Eldeco continues to expand its portfolio with 30 ongoing projects covering 35 million square feet in various stages of execution.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Eldeco Infrastructure & Properties Ltd and Purvanchal Projects have made significant investments in the rapidly growing Noida region. Eldeco has acquired a 20,000 square meter land parcel near the upcoming Jewar airport through an auction by the Yamuna Expressway Industrial Development Authority (YEIDA) for Rs 96.86 crore. Purvanchal Projects, another Noida-based developer, secured a 40,000 square meter land parcel for Rs 149.47 crore. Both acquisitions are earmarked for group housing projects, with plans to construct high-rise buildings on these plots. In addition to the recent Noida acquisition, Eldeco has been actively expanding its footprint in other regions. The company acquired 2.7 acres for Rs 110 crore and 8.5 acres for Rs 165 crore in Gurgaon's Sector 80 through an auction by the Haryana State Industrial & Infrastructure Development Corporation (HSIIDC). Eldeco also secured a 36,000-square-meter plot in Greater Noida West, where it plans to develop 750,000 square feet of residential space with an investment of Rs 250 crore. Furthermore, Eldeco has acquired 14.5-acre and 18-acre land parcels in Sonepat for plotted and villa development. Eldeco's ambitious expansion is supported by significant funding, having recently secured Rs 350 crore from HDFC Capital Advisors Limited. This marks the third round of funding in as many years, bringing the platform's corpus to Rs 850 crore, with expectations to generate Rs 8,000 crore from 17 projects. Previously, the platform raised Rs 150 crore in August 2021 and Rs 350 crore in September 2022, focusing on developing projects in holiday destinations and tier 2 cities. Eldeco's planned projects span across Delhi, Gurugram, Ludhiana, Sonipat, and Goa, with Rs 500 crore already deployed in residential projects in Panipat, Sonipat, Ludhiana, Rudrapur, Rishikesh, Kasauli, Greater Noida West, and Gurugram. With a robust track record of delivering 200 projects encompassing approximately 30 million square feet of real estate development, Eldeco continues to expand its portfolio with 30 ongoing projects covering 35 million square feet in various stages of execution.

Infrastructure Urban

09 Sep 2025

Zaakpay, CRUT Launch WhatsApp-Based Bus Ticketing in Odisha

Zaakpay, a wholly owned subsidiary of One MobiKwik Systems, has partnered with Capital Region Urban Transport (CRUT), a public transit agency under the ONDC Network, to roll out a chat-based bus ticketing service across Odisha.The initiative is designed to simplify and digitise public transport for over 24 million annual commuters, covering nearly 36 million rides across the state. By leveraging a WhatsApp-based interface, the service offers commuters a seamless and contactless way to book tickets, making it accessible to both rural and urban passengers.The platform has been developed with PeL..

Infrastructure Transport

09 Sep 2025

Maharashtra Govt Releases Rs 1.43 Bn for MUTP-III Works

The Maharashtra government has released Rs 1.43 billion to the Mumbai Railway Vikas Corporation (MRVC) to carry out works under the Mumbai Urban Transport Project (MUTP)-III, aimed at reducing congestion on the city’s suburban railway network.According to a government resolution (GR) issued by the Urban Development Department, Rs 1.24 billion of the sanctioned amount has been provided as additional central assistance from the Asian Infrastructure Investment Bank (AIIB). The loan is being routed to MRVC through the Mumbai Metropolitan Region Development Authority (MMRDA).The state clarified t..

Infrastructure Urban

09 Sep 2025

AbhiBus Expands SRTC Network, Now Covers 17 State Transport Services

The latest additions include ASTC (Assam), SBSTC (South Bengal), TSRTC (Telangana), PRTC (Punjab/PEPSU), KSRTC (Kerala), SNT (Sikkim), and UTC (Uttarakhand). This move enables travellers to seamlessly book inter-city and inter-state bus routes across almost all major regions of India via AbhiBus, ixigo, and ConfirmTkt apps and websites.By bringing more SRTCs onto a single platform, AbhiBus aims to simplify public transport booking while offering reliable schedules and affordable fares.Rohit Sharma, COO, AbhiBus, said, “Through these new partnerships, we’re bringing the widest range of choi..